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    March Central Ohio Market Update

    Defining Reality While the mortgage rates may fluctuate in the short term, the prospect of returning to 6% is plausible....

    • Josh Dawson
    • March 15th, 2023
    • 2 min read

     

     

    Defining Reality

    While the mortgage rates may fluctuate in the short term, the prospect of returning to 6% is plausible. Furthermore, the demand from potential buyers remains strong, creating a favorable environment for sellers who are prepared to act promptly.

    As the saying goes, "In the multitude of counsel, there is safety," and in this market, seeking the guidance of a reliable agent is essential for both buyers and sellers to make informed decisions about their real estate transactions. Following this advice can help navigate the current real estate landscape effectively.

    Here are the three most important things to know about the Central Ohio real estate market in March 2023, and some more data you might find interesting:

    Inventory Remains Below Pre-Pandemic Levels

    Low inventory levels in Central Ohio are having the greatest impact on the market and will likely cause upward pressure on prices in Central Ohio.

    New Housing Units

    In 2022, Central Ohio produced more new housing units than any year since 2005 at 12,289, but well short of the 19,000 that the Building Industry of Central Ohio believes is needed annually to meet demand.

    Rates will Impact Some Buyer Demand

    Buyers are smart to discuss Adjusted Rate Mortgages (ARM's), Mortgage Buydowns, and other strategies with their trusted, local lender to combat higher rates.

    Central Ohio Real Estate Stats

    *Existing Homes Sales Only (Excludes Newly-Built Homes)

     

    2,086

    New Listings

    2,608

    Active Listings

    1,166

    Under Contract

    1,782

    Closed Sales

     

    New Listings ⬇️

    -9.7%

    Compared to February 2022

     

    $320,119

    Average Sales Price

    .92

    Months of Supply

    35

    Average Days on Market

    $183.95

    Average Price per Square Foot

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    About the author

    Josh Dawson

    614.706.6288
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    Buying or selling real estate is more than a transaction—it’s a major life decision. You deserve a guide who brings not just experience, but clarity, strategy, and trust to the table. That’s where I come in. I was born and raised in Fostoria, Ohio—a blue-collar factory town where your word meant everything and people treated each other with respect. I come from a family of military veterans, tradesmen, and kind-hearted Midwesterners who taught me to do good, be good, and work hard. I carried those values with me to Ohio Wesleyan University, where I played football and graduated with the same commitment to perseverance and teamwork I bring to every client relationship today. My real estate career began not in Central Ohio, but as part of a Wall Street Journal Top 100 Team in Boston—one of the fastest-moving, most competitive markets in the country. Before real estate, I served in senior political roles, including State Director for the Massachusetts State Treasurer and Legislative Director in the State Senate. I even ran for State Representative and earned an endorsement from The Boston Globe—because I’ve always been driven to serve people, solve complex problems, and lead with integrity. Today, I bring those same values into my work as a real estate professional and former managing broker. I’ve led agents, negotiated complicated transactions, and taught hundreds of professionals how to master real estate contracts. I don’t just understand the fine print—I’ve taught from it. That insight often helps me make small but strategic contract adjustments that protect my clients or save them tens of thousands of dollars. I currently serve on the Columbus Realtors Broker Advisory Committee and am the Past-President of the Greater Dublin Realty Association, where I continue to advocate for professionalism, education, and client-first service across our industry. Clients know me for my steady communication and proactive approach. I hold weekly check-ins to ensure no one ever wonders, “What’s happening?” or “What’s next?” Whether I’m guiding a family through an emotional sale or helping a first-time buyer make a strong start, I act with clarity, empathy, and your long-term goals in mind. When I’m not working, you’ll often find me coaching my daughter’s softball team, spending time with my family, or fishing and boating in Port Clinton, where my parents now live. I live in Dublin with my amazing wife and our two beautiful daughters—and I consider it an honor to serve families across Central Ohio with focus, care, and professionalism. If you're ready to move forward with purpose, I’m here to help you do it wisely.

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